[MARKET ANALYSIS] Oil prices are range-bound amid relatively quiet geopolitical newsflow and following yesterday's two-way trade
Oil was range-bound, while gold and copper were slightly lower. The reported Abqaiq attack’s production impact was unclear in a separate market wrap.
News detail
WTI/Brent: WTI Nov'26 Flat / Brent Dec'26 +0.2% Oil prices are range-bound amid relatively quiet geopolitical newsflow overnight and following yesterday's choppy price action, with seemingly little progress on US-Iran talks, while the Abqaiq oil city in Saudi Arabia was attacked by Houthis. Gold: -0.1% Trades little changed after pulling back yesterday as yields climbed alongside a slew of data releases and despite the softer-than-expected PCE report. Copper: -0.2% Price action is lacklustre amid the mixed risk sentiment and with its largest buyer away from the market for a week-long holiday.
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